UPWORK, INC 8K

Upwork Inc. reported Q2 2026 financial results and issued Q3 and full-year 2026 guidance, highlighting modest revenue decline, lower GAAP net income, higher adjusted EBITDA, strong AI-related and SMB growth, ongoing share repurchases, and continued execution of its AI and enterprise strategies.

Upwork Inc. filed a Form 8-K to furnish its press release announcing financial results for the second quarter ended June 30, 2026, reporting revenue of $191.7 million (down 2% year-over-year), GAAP net income of $25.4 million (down 22% year-over-year), adjusted EBITDA of $64.1 million with a 33% margin, and free cash flow of $35.9 million, alongside operational metrics such as GSV of $966.4 million, 763,000 active clients, record GSV per active client of $5,230, details of a $109.7 million share repurchase over the first half of 2026, growing AI-related marketplace activity, and guidance for Q3 2026 and full-year 2026 revenue, adjusted EBITDA, and non-GAAP EPS; the company also highlighted continued investment in AI capabilities (including the Upwork Claude Connector and MCP server), SMB growth through its Business Plus offering, and progress in its enterprise strategy via Lifted.

Filing Facts

CIK

1627475

Ticker

-

Form

8K

Source Type

sec

Accession

0001627475-26-000046

Alert Tier

7